Kalshi Reaches $22 Billion Valuation After Raising $1 Billion
Prediction market platform Kalshi announced a $1 billion Series F funding round on May 7, 2026, doubling its valuation from five months earlier. The round was led by Coatue with participation from Sequoia, Andreessen Horowitz and Paradigm. Kalshi reported annualized revenue exceeding $1.5 billion and an 800% increase in institutional trading volume.
TechCrunchKalshi announced a $1 billion Series F funding round on May 7, 2026, valuing the company at $22 billion. The round was led by Coatue with participation from Sequoia, Andreessen Horowitz and Paradigm. The announcement came one day before the company disclosed its latest financial metrics to Bloomberg.
Kalshi's valuation doubled from $11 billion to $22 billion in five months. The company raised a $1 billion Series E round five months before its Series F. Institutional trading volume on the platform increased 800% in the past six months.
5 billion. U.S. It operates as a prediction market platform that allows betting on sports, politics, the weather and other events.
Kalshi sees big financial firms as a key source of growth. The company, alongside rival Polymarket, helped usher in the boom in prediction markets where consumers place bets on outcomes ranging from celebrity attire at the Met Gala to sports victories. U.S.
Operations from a ban imposed in 2022. In a blog post, Kalshi detailed the surge in institutional interest that accompanied its rapid growth. U.S.
Prediction markets while traditional financial institutions increasingly explore the asset class.
Key Facts
Story Timeline
3 events- 2026-05-07
Kalshi announces $1 billion Series F round at $22 billion valuation, led by Coatue with participation from Sequoia, Andreessen Horowitz and Paradigm
2 sourcesKalshi · TechCrunch - 2025-12-07
Kalshi raises $1 billion Series E round at $11 billion valuation
1 sourceKalshi - 2022-01-01
Polymarket faces ban restricting its U.S. operations
1 sourceTechCrunch
Potential Impact
- 01
Further distance created between Kalshi and Polymarket's restricted U.S. operations
- 02
Accelerated institutional adoption of prediction markets by major financial firms
Transparency Panel
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